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Why EZGO Technologies Ltd. (NASDAQ: EZGO) Stock Shouldn’t Be Sold In 2023

In the last trading session, 14.52 million EZGO Technologies Ltd. (NASDAQ:EZGO) shares changed hands as the company’s beta touched 1.41. With the company’s per share price at $0.17 changed hands at -$0.01 or -6.44% during last session, the market valuation stood at $13.73M. EZGO’s last price was a discount, traded about -1529.41% off its 52-week high of $2.77. The share price had its 52-week low at $0.16, which suggests the last value was 5.88% up since then. When we look at EZGO Technologies Ltd.’s average trading volume, we note the 10-day average is 47.58 million shares, with the 3-month average coming to 8.40 million.

EZGO Technologies Ltd. (NASDAQ:EZGO) trade information

Instantly EZGO was in red as seen at the end of in last trading. With action -32.64%, the performance over the past five days has been red. The drop to weekly highs of 0.3330 on Friday, 09/15/23 subtracted -6.44% to the stock’s daily price. The company’s shares are showing year-to-date downside of -74.74%, with the 5-day performance at -32.64% in the red. However, in the 30-day time frame, EZGO Technologies Ltd. (NASDAQ:EZGO) is -93.10% down. Looking at the short shares, we see there were 0.95 million shares sold at short interest cover period of 0.36 days.

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EZGO Technologies Ltd. (EZGO) estimates and forecasts

The 2023 estimates are for EZGO Technologies Ltd. earnings to decrease by -70.40%.

EZGO Dividends

EZGO Technologies Ltd. is expected to release its next quarterly earnings report in October.

EZGO Technologies Ltd. (NASDAQ:EZGO)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 9.27% of EZGO Technologies Ltd. shares while 0.10% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 0.11%. There are 0.10% institutions holding the EZGO Technologies Ltd. stock share, with Renaissance Technologies, LLC the top institutional holder. As of Jun 29, 2023, the company held 0.16% of the shares, roughly 85800.0 EZGO shares worth $0.14 million.

Citadel Advisors Llc holds the second largest percentage of outstanding shares, with 0.13% or 65070.0 shares worth $0.11 million as of Jun 29, 2023.

With 2944.0 shares estimated at $4327.0 under it, the former controlled 0.01% of total outstanding shares.

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